Alfattan-LtechUVC Green Energy SPC will set up a 200-megawatt (MW) green hydrogen and ammonia plant in Abu Dhabi. A collaboration between UAE-based Al Fattan Energy and South Korean renewable energy developer LTechUVC formed the SPC (Special Purpose Company).
The SPC will oversee the project’s development with an estimated cost of approximately $400 million. The project is situated in the Kezad (provisional) area, the largest industrial complex in Abu Dhabi.
The SPC was officially inaugurated on March 17, 2023. The project is expected to represent a new phase in developing green hydrogen and ammonia technology. The project is also anticipated to attract significant interest from investors and businesses across the UAE, amongst other nations.
The SPC will collaborate with major Korean companies with expertise in the field, with LTechUVC leading the “Team Korea” effort. The project aims to produce green hydrogen and ammonia on a large scale and finally to reduce greenhouse gas emissions.–
With extensive experience in nuclear, oil and gas, and renewable energy engineering, the project, Al Fattan Energy, is a subsidiary of Al Fattan Holding Investment. LTechUVC is a consulting company specializing in hydrogen-based energy businesses, with a 20 MW hydrogen fuel cell project due to begin construction in May this year.
This initiative marks the first step in developing hydrogen technology in the UAE, with the support and possible business relationships with major UAE government establishments. South Korea is reported as one of the world’s top three ammonia importers, which has recently decided to promote green ammonia mixed combustion power generation in coal and gas-fired power plants to achieve “zero greenhouse gas emissions” by 2050.
Jamal Khalid Al Nuaimi, GM of the Alfattan Defense system and Chairman of the Al Fattan Group, informed that Al Fattan Energy was established to take a leading role in Engineering and Maintenance for the Nuclear and Renewable Energy sector in the UAE and MENA regions. He further pointed out that Al Fattan Energy aims to develop a green hydrogen ammonia project in Abu Dhabi, UAE, through cooperation with leading Korean conglomerates to secure leadership in the field and contribute to reducing greenhouse gas emissions.
LtechUVC CEO Jiyoung Lee said, “The South Korean government declared its vision of ‘Zero for Green’ carbon neutrality in November 2021 and set a goal to achieve zero carbon emissions in the power generation sector through a transition to renewable energy and hydrogen.”
In this context, LtechUVC is promoting overseas new and renewable energy and hydrogen projects to realize neutrality by 2050 and secure the basis for clean hydrogen production, supply, and utilization. Through this project, LtechUVC intends to stably procure green ammonia promptly for the expansion of low-carbon power generation and play a leading role in the future energy business by the early establishment of hydrogen.
